DEVELOPMENT: Cape Town Attracts R1.24b In Investment
Recent Western Cape Business News
The City of Cape Town has excelled by outperforming all of its service delivery targets for the financial year ending on 30 June 2009.
Tabling the 2008/09 Annual Report at the first Council meeting for 2010, Executive Mayor Dan Plato yesterday said that the City had achieved record levels of expenditure, as well as its sixth consecutive unqualified audit. Over the past financial year, it had also attracted R1,24 billion in investment.
“These results confirm the effectiveness of the City’s strategy of serving its 3,5 million residents and 902 000 households by means of infrastructure–led economic growth,” he says.
Last year, an independent Empowerdex survey rated the City of Cape Town the top-performing municipality in South Africa for service delivery. It surpassed 231 local municipalities, 46 district municipalities and six metropolitan municipalities. Service delivery was rated in terms of housing, water, electricity, waste removal and sanitation, based on current status and progress over time.
“Over the past year the City has managed to spend almost all of its capital budget on infrastructure development, as well as 97% of its operational budget.
“In concrete terms we have ensured that 100% of households enjoy access to basic levels of sanitation and water.
The required target is one tap for every 25 informal households. The City has installed a tap for every 11 informal households.
“A total of 5 199 subsidised electricity connections were installed in informal settlements, and 99% of known households across the city now receive solid waste removal services”.
“Despite the global economic crisis, we have created a total of 10 613 permanent jobs and 16 379 temporary jobs through the Expanded Public Work Programme (EPWP),” says Plato.
Business News Sector Tags:
Fax 2 Email
Study IT Online
Work from Home